Stocks rose on a slowdown in exports, particularly to the United States, where stocks last week hit a record high, PJK’s Patrick Kulsen said. EIA/S

But cargoes still found outlets in Asia Pacific, Latin America and West Africa.

Gasoil inventories fell by 2.8 percent because of inland demand and exports from the hub to other northwest European locations and the Mediterranean region, Kulsen said.

Fuel oil stocks rose by 8.7 percent on rising imports from Russia.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.

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PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services.

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